U.K. Sept. services PMI drops more than expected

WilliamL. Watts

LONDON (MarketWatch) -- The purchasing managers index for Britain's service sector fell more than expected in September, signaling a worsening contraction of activity, news reports said. The September PMI fell to 46.0 from 49.2 in August, reports said. Expectations were for a decline to 48.5. A figure of less than 50 indicates a contraction in activity, while a figure of more than 50 signals expansion.

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